Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $130,900. Project 2 requires an initial investment of $97,200. Assume the company requires a 10% rate of return on its investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new producti Project 1 Project 2 $ 82,600 $ 105,300 Expenses Materials, labor, and overhead (except depreciation) 70,200 34,560 Depreciation-Machinery 18,700 19,440 Selling, general, and administrative expenses 8,640 21,600 Income $ 7,760 $ 7,000 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Project 1 Net Cash Flows x Present Value of Annuity at 10% Present Value of Net Cash Flows $ Years 1-7 0 Net present value Net Cash Flows x Present Value of Annuity at 10% Present Value of Net Cash Flows $ 0 Years 1-5 Project 2 Net present value =